The Capricornian
Variable Rate Offset Home Loan
Our Variable Rate Offset Home Loan is packed full of features for owner occupiers to get into their ideal first home, or forever home. With a sharp variable rate, 100% offset facility, standard establishment fee waived and no penalty for extra repayments, this home loan was designed with owner occupiers in mind.
Home loansBank updated 17 July 2026
At a glance
- Variable (owner occ. P&I)
- 6.19% · 6.19% comparison
- Max LVR
- 97%
- Features
- offset, redraw, extra repayments
§ 01 — Rates · 2
| Type | Applies to | Term | Band | Rate | Comparison | Conditions |
|---|---|---|---|---|---|---|
| VariableComparison rate based on $150,000 loan over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan. | Owner occupied · P&I | — | ≤80% LVR | 6.19% | 6.19% | Aged 18 years or older |
| VariableComparison rate based on $150,000 loan over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan a… | Owner occupied · P&I | — | 80–97% LVR | 6.49% | 6.49% | Aged 18 years or older |
§ 02 — Fees · 6
| Fee | Type | Amount | When | Notes |
|---|---|---|---|---|
| Arrears Fees - Default Notice Fee | Event | $40 | — | If you don’t make your payment after a period of time in arrears, you will be issued with a default notice. |
| Arrears Fees - Reminder call fee | Event | $5 | — | Applies when you fail to make your contracted repayments by the repayment due date. |
| Contract Variation & Consent Fee | Event | $400 | — | A fee is charged when a member applies to vary their loan conditions |
| Further Advance Establishment Fee | Event | $400 | — | Includes one valuation up to the cost of $300 - Excludes additional valuation costs and solicitors costs to prepare mortgage documents and settlement fees. |
| Mortgage Discharge Fee | Exit | $300 | — | This fee is payable in addition to solicitors fees, registration, searches and other third party fees that may apply. |
| Valuation Fee | Upfront | $0 | — | On application, The Capricornian will pay the first $500.00 for any valuations required. For Construction loans a progress inspection valuation fee will apply |
§ 03 — Features
Offset accountRedrawExtra repaymentsInstant paymentsPayIDDigital banking
- · Receive a discounted standard premium on CGU Home & Contents Insurance for your policy’s first 12 months when taken out through The Capricornian
- · Access Account with no Transaction Fees, Account Keeping Fees and Card fees when you possess an active Variable Rate Offset Home Loan.
- · Establishment fees waived on personal loans when you possess an active Variable Rate Offset Home Loan
§ 04 — Eligibility & limits
- · Minimum age 18
- · Residency: Individuals must be citizens or permanent residents of Australia.
- · Available to individuals
- · Amount $250,000 to no maximum
- · Maximum LVR 97%
- · New Lending Only
- · You will need to become a member of the Credit Union before The Capricornian can accept a loan application.
§ 05 — Compare
§ 06 — Run the numbers
Put this product through a calculator
Published by The Capricornian under the Consumer Data Right, last changed by them on 17 July 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.